Decentralized autonomous organizations – Evolution, challenges, and opportunities

A decentralized autonomous organization (DAO) is an emerging entity facilitated through blockchain technology. It operates under the principle of a decentralized governance structure void of hierarchical leadership, and decisions are made based on community consensus. As DAO and its mechanisms are still in an early stage, its potential evolution and future influence on enterprises remain unclear. This work elaborates on this emerging type of organization through a literature review and case studies of DAOs to demonstrate the current state of the art. The findings presented include a brief discussion of the technology that facilitates these organizations. Additionally, advancements and the common characteristics of existing DAOs are presented. Examining current and defunct DAOs revealed the challenges these organizations should address to reach their full potential in future application areas. Finally, it is concluded which organizations and industries could most likely benefit from the DAO concept in future.

Schlagwörter

Fachgebiet (DDC)

330 - Wirtschaft

Projekt

Veranstaltung

15th IFIP WG 8.1 Working Conference on the Practice of Enterprise Modelling (PoEM 2022)

Startdatum der Ausstellung

Enddatum der Ausstellung

Startdatum der Konferenz

23.11.2022

Enddatum der Konferenz

25.11.2022

Datum der letzten Prüfung

ISBN

ISSN

Sprache

Englisch

Während FHNW Zugehörigkeit erstellt

Ja

Zukunftsfelder FHNW

Publikationsstatus

Veröffentlicht

Begutachtung

Peer-Review der ganzen Publikation

Open Access-Status

Diamond

Lizenz

Zitation

Schneider, B., Ballesteros, R., Moriggl, P., & Asprion, P. (2022). Decentralized autonomous organizations – Evolution, challenges, and opportunities. In D. Bork, S. Barat, P. Asprion, A. Marcelletti, A. Morichetta, B. Schneider, V. Kulkarni, R. Breu, & P. Zech (Eds.), Proceedings of the PoEM 2022 Workshops and Models at Work. https://doi.org/10.26041/fhnw-7346

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